If the premium was due on 15th July and 16 August is a Sunday

Q. If the premium was due on 15th July and 16 August is a Sunday.

A.            the grace period will end on 14th august (Friday).

B.            the grace period will end on 15th august (Saturday).

C.            the grace period will end on 17th august (Monday).

D.            the grace period will end as per the discretion of the insurer.

Answer: the grace period will end on 17th august (Monday).